NJ’s New Millionaires Tax: Explained

NJ’s New Millionaires Tax: Explained

New Jersey is about to institute a brand new tax on people making more than $1 million per year. They’re calling it the Millionaire’s Tax. In this video, I explain what the NJ Millionaire’s Tax is, why NJ is implementing such a tax, and what you can expect to happen as a result of the millionaire’s tax. I also give my thoughts on whether I think we’ll see other similar taxes implemented in other states across the country.

Will other states follow New Jersey’s lead? Let me know your thoughts in the comments.

How to Calculate Net Worth: https://youtu.be/-AZUi75R9jQ

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How to Create a Monthly Budget: https://youtu.be/-fkCYOBgCww

How to Use the Cash Envelope System: https://youtu.be/l8DUZ1KWke0

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